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NOTICES
Notice No.   20210208-24   Notice Date   08 Feb 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer to Buy – Acquisition Window (Buyback) Archidply Industries Limited
Attachments   LOF.pdf ;
Content

Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeover, Buy Back and De-listing vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, 20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 and 20201102-43 dated 02 Nov 2020  has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.

 

All Market Participants are hereby informed that Archidply Industries Limited (The Company)  has announced an  offer to buy back fully paid-up equity shares of face value of Rs. 10 (Rupee Ten Only) each of upto 22,00,000 (Twenty Two Lakh) equity shares from the equity shareholders/ beneficial owners of equity shares as On January 19, 2021 (“Record Date”), on a proportionate basis by way of the Tender Offer Route as prescribed under the Buy Back Regulations, through Stock Exchange Mechanism at a price of Rs. 37 (Rupees Thirty Seven Only) per equity shares payable in cash for an aggregate consideration not exceeding Rs. 8,14,00,000 (Rupees Eight Crore Fourteen Lakh Only) (The “Buy Back”),from February 10, 2021  to February 24, 2021

 

Copy of Letter of Offer is herewith attached.

 

Market participants are further requested to note that this offer will be as per the SEBI circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017,  20190424-35 dated April 24, 2019 and 20200528-32 dated 28 May 2020 and  the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.

 

 

Atul Dhotre

Senior Manager

Listing Sales & Ops

February 08, 2021